Issue: 1142 Date: 7/12/2012
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Stifel Financial to hire 200 more employees in St. Louis Washington Avenue financial sculpture in the works

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Stifel Nicolaus global headquarters in St. Louis, Missouri

Stifel Financial Corp. has acquired a building at 501 N. Broadway in downtown St. Louis and plans to increase its local employee base from 800 to more than 1,000.

St. Louis-based Stifel Financial, the parent company of brokerage Stifel Nicolaus, has almost tripled its number of financial advisers nationwide since 2006, to more than 2,000, the St. Louis Post-Dispatch reports.

The firm will equip the building on Broadway with new exterior signage and lighting later this year and will also add a sculpture of a bear and a bull outside its headquarters at Broadway and Washington Avenue.

Wall Street has its Charging Bull sculpture, but downtown St. Louis will soon have its very own monument to the world of finance. Stifel Financial CEO Ron Kruszewski recently outlined some of the changes in store for the office building his growing company acquired last year. The acquisition of the office building at 501 North Broadway will allow the financial services firm to grow its local employee base from 800 to more than 1,000.

Buying the office building will allow Stifel to increase its visibility, Kruszewski told those assembled at the Partnership for Downtown St. Louis' annual meeting on June 28. The building will be equipped with new exterior signage and lighting later this year.

Another touch the firm is making to stand out is a sculpture outside the firm's headquarters at Broadway and Washington Avenue. Stifel is working with a local artist to design a sculpture of a bear and bull that will be installed within a year. The animals symbolize the opposing forces of the financial market. A rendering of the sculpture was not available.

Kruszewski, a former Partnership board chairman, gave the keynote presentation at the Partnership for Downtown St. Louis' annual meeting held at the Renaissance Grand hotel, where he was given the John H. Poelker Levee Stone award for his downtown revitalization efforts.